Gas has an important role to play in the global energy transition, according to the head of EMEA natural resources research at Goldman Sachs.
Speaking to CNBC, Michele Della Vigna said that, in his personal view, gas was “part of the end solution.” According to the International Energy Agency,...
China’s still importing oil from Iran weeks after the US imposed sanctions aimed at halting sales of crude from the Persian Gulf nation.
Official customs data on Friday showed China imported 855,638 tons in June, the equivalent of about 209,000 barrels a day, Bloomberg reported.
All eyes are...
Oil prices nudged higher on Wednesday on rising tensions in the Persian Gulf, a sharp fall in US crude stocks and positive signs on Sino-US talks, although worries about weak demand kept a cap on gains.
Brent crude futures were up 21 cents, or 0.3%, at $64.04 a barrel, after rising nearly 1% on...
Japan will continue importing crude oil from the Middle East despite escalating tensions in the Strait of Hormuz, but will also make efforts to diversify supply sources, Minister of Economy, Trade and Industry Hiroshige Seko said Tuesday.
"Crude oil procurements from the Middle East will...
Oil prices rose more than 2% on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Persian Gulf.
Brent crude futures climbed $1.41, or 2.26%, to $63.88 a barrel. West Texas Intermediate crude futures were up $1.13, or 2.03%, at...
China National Offshore Oil Co (CNOOC) has signed an agreement with Abu Dhabi National Oil Co (ADNOC) on upstream exploration and development, oil refining and liquefied natural gas trade, ADNOC said on Monday.
The agreement was signed during a three-day state visit to China by Abu Dhabi Crown...
The Iranian oil tanker ‘Happiness 1’ that was held at Jeddah port in Saudi Arabia for over two months has been released.
On May 2, the tanker faced an engine failure near the Red Sea port of Jeddah and was forced to seek repairs at the Arabian port. However, after it was fixed, the Saudis...
Operations to increase output from Sa’adatabad Oilfield, in southern Fars Province, started Wednesday, with $18.7 million investment, managing director of the Central Iranian Oil Fields Company said.
“The project aims at raising daily production from the field by 3,000 barrels and increasing...
French utility EDF could shut down production at its 2,600 megawatt capacity Golfech nuclear power plant in the south of France from July 23, due to the high temperature forecast on the Garonne River.
The utility uses water from the river to cool the two reactors at the plant, Reuters reported...
The International Energy Agency is "significantly" concerned about geopolitical tensions, including in the Strait of Hormuz, but oil markets are currently well supplied and unlikely to see "huge price increases for now," the head of the agency said Friday.
"At present, we have lots of oil in the...